Montage Residences Beverly Hills Announces Two New Closings In Two Weeks

BEVERLY HILLS, Calif., May 16, 2012 /PRNewswire/ -- In a nearly unprecedented flurry of activity, two of the luxurious private Residences at Montage Beverly Hills were sold in less than two weeks, leaving only six of the original "homes within a grand hotel" available.  Continuing to set new marks in the Beverly Hills real estate market, a 4,695 square foot, four bedroom, four and-a-half bath residence sold for $10,500,000.  A 2,766 square foot, three bedroom, three and-a-half bath home was purchased for $6,085,000.  The collection crowns the top two-and-a-half floors of the multi-awarding-winning, nine story hotel in the heart of the city's famed Golden Triangle.

"We are thrilled with the response we've received," said John Mansour, representative for owner, Beverly Hills Luxury Hotel LLC.  "Our residents recognize how unique these properties are and their scarcity makes them even more desirable."

Enjoying the signature service that has become a Montage trademark, residents are afforded all the special features associated with a luxury hotel, including access to the 20,000 square foot Spa Montage, fitness center and roof top pool as well as critically acclaimed restaurants featuring award-winning celebrity chef Scott Conant's Scarpetta, in addition to The Macallan's newest bar, 10 Pound.  A dedicated concierge staff, as well as the largest ratio of hotel staff to residents further complement the myriad residential amenities.

The six remaining residences range in size from 2,825 square feet to 5,761 square feet and are priced from $6,325,000 to $16,450,000.  For further information, visit www.montageresidencesBH.com or phone (310) 860-7899.

About Montage Hotels & Resorts                                                                                       

Montage Hotels & Resorts is a hotel and resort management company founded in 2002 by Alan Fuerstman. Designed to serve affluent travelers and homeowners, the company features an artistic collection of distinctive hotels, resorts and residences in stunning settings that offer comfortable elegance, a unique sense of place and spirit, impeccable hospitality and memorable culinary, spa and lifestyle experiences. Montage Laguna Beach, the company's flagship oceanfront resort, opened in the vibrant arts community of Laguna Beach, California, in 2003. Montage Beverly Hills, the company's second hotel, opened in Beverly Hills in 2008 and was the first Gold LEED® certified hotel and residences in Southern California. Montage Deer Valley, located in Park City, Utah, is the company's third property, which opened in December 2010.  www.montagehotels.com

About Beverly Hills Luxury Hotel LLC

Montage Beverly Hills is owned by affiliates of Ohana Real Estate Investors (OREI), The Athens Group and Montage Hotels & Resorts.  In addition to Montage Beverly Hills, OREI also owns a portfolio of luxury hospitality assets including Montage Deer Valley, Montage Laguna Beach and real estate parcels in Los Cabos, Mexico; Kauai, Hawaii; and Northern California. www.ohanare.com

SOURCE Montage Hotels & Resorts

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